OMAI GOLD MINES CORP (OMG.CA) Technical Analysis
TSX-V:OMG • CA6820431048
Taking everything into account, OMG scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month OMG has a been trading in the 1.79 - 2.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that OMG is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by OMG over the past year are nicely spread over this period.
- OMG is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 815 stocks in the same industry.
- OMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OMG is lagging the market slightly.
- OMG has an average volume of 1438980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although OMG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.47
We found 2 important support areas.
- Support @1.59 from a trend line in the daily time frame.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.15 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OMG.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OMG.CA is neutral. |
| ChartMill Relative Strength | 95.55 | POSITIVE | OMG.CA has a high relative strength, it outperformed 95.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OMG.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OMG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OMG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.49 | NEUTRAL | The RSI value for OMG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OMG.CA has a negative trend. |
| Stochastics (14,3) | 29.51 | NEUTRAL | The Stochastics value for OMG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for OMG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.02 | NEUTRAL | The ADX value for OMG.CA suggests a possible start of a new trend. |
OMG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:OMG (3/9/2026, 7:00:00 PM)
1.86
-0.13 (-6.53%)
OMAI GOLD MINES CORP / OMG.CA FAQ
What is the ChartMill technical rating of OMAI GOLD MINES CORP (OMG.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to OMG.CA.
What is the trend direction for OMG stock?
The current trend direction for OMAI GOLD MINES CORP (OMG.CA) is Bullish.
What is the RSI signal for OMG stock?
OMAI GOLD MINES CORP (OMG.CA) has an RSI value of 45.4856. This indicates that the stock is currently neutral.
What is the support and resistance level for OMG stock?
OMAI GOLD MINES CORP (OMG.CA) has a support level at 1.59 and a resistance level at 1.99. Check the full technical report for our detailed analysis of OMG.CA support and resistance levels.